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Can You Cancel a Property Sale Agreement After Signing?

 

Can You Cancel a Property Sale Agreement After Signing? 🏡📜

You signed a property sale agreement, but now you want to cancel it! 😨 Can you legally back out? What are the consequences? Let’s break it down! 🚀⚖️

✅ Is a Property Sale Agreement Legally Binding? #RealEstateLaw #PropertySale #LegalContracts

🚨 YES! A registered sale agreement is a legally binding contract. ✅📜

📌 As per the Indian Contract Act, 1872 & Transfer of Property Act, 1882:
✔️ Once signed, both parties must follow the agreement. ✍️🏡
✔️ If one party backs out, the other can sue for specific performance or compensation. ⚖️💰
✔️ Cancellation is possible—but only under certain conditions! 🚨📢

⚠️ BUT WAIT! Not every agreement can be canceled without legal consequences. 🚨📢 #LegalRisk #PropertyDispute

⚠️ When Can You Legally Cancel a Property Sale Agreement? #PropertyLaw #LegalGrounds

📑 You can cancel if:
📌 Fraud or Misrepresentation – If the seller or buyer provided false information. ⚠️🔍
📌 Breach of Agreement – If the other party didn’t fulfill their obligations. 📜🚨
📌 Mutual Consent – Both parties agree to cancel the deal. 🤝🏡
📌 Force Majeure – If an unforeseen event (like natural disaster) makes the sale impossible. 🌪️⚖️

💡 Best practice? Always check cancellation clauses before signing! ✅📜 #StayLegallySafe #RealEstateTips

🔥 What Are the Consequences of Cancelling? #LegalProcess #PropertyDeal

📌 Loss of Earnest Money – If you back out without a valid reason, you may lose the advance deposit. 💰❌
📌 Legal Action – The other party can sue for damages or force the sale. ⚖️🚨
📌 Penalty Clauses – Some agreements include penalties for cancellation. 📜📢
📌 Refund (in some cases) – If cancellation is justified, you may get your money back. 💸✅

⚠️ BEWARE! If you signed a sale deed (not just an agreement), cancellation becomes much harder! 🚨📢 #LegalContracts #RealEstateDisputes

💡 Need Help Cancelling or Modifying a Sale Agreement? We Can Assist! #LexisAndCompany #PropertyLaw #LegalSupport

If you need legal advice on property agreements, cancellation procedures, or dispute resolution, LEXIS AND COMPANY provides expert legal guidance! ✅📜⚖️

📞 For expert legal assistance, call: +91-9051112233
🌐 Visit us at: https://www.lexcliq.com

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